Citigroup Begins Coverage on Walt Disney (DIS)

Investment analysts at Citigroup began coverage on shares of Walt Disney (NYSE:DIS) in a research note issued to investors on Tuesday, April 2nd, The Fly reports. The firm set a “buy” rating and a $150.00 price target on the entertainment giant’s stock. Citigroup‘s price target would suggest a potential upside of 7.20% from the company’s previous close.

A number of other research firms also recently commented on DIS. Wolfe Research started coverage on Walt Disney in a research note on Friday, December 7th. They issued an “outperform” rating for the company. Zacks Investment Research downgraded Walt Disney from a “hold” rating to a “sell” rating in a research note on Monday, December 17th. Credit Suisse Group restated a “hold” rating and issued a $114.00 target price on shares of Walt Disney in a research note on Tuesday, January 22nd. BMO Capital Markets lifted their target price on Walt Disney from $109.00 to $114.00 and gave the company a “market perform” rating in a research note on Thursday, February 7th. Finally, Tigress Financial restated a “buy” rating on shares of Walt Disney in a research note on Tuesday, February 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have issued a buy rating to the company’s stock. Walt Disney has an average rating of “Buy” and an average price target of $133.73.

NYSE:DIS traded up $2.68 during mid-day trading on Tuesday, hitting $139.92. The company had a trading volume of 13,903,880 shares, compared to its average volume of 12,057,565. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.00 and a quick ratio of 0.92. Walt Disney has a 1 year low of $97.68 and a 1 year high of $140.04. The firm has a market capitalization of $201.40 billion, a PE ratio of 19.76, a price-to-earnings-growth ratio of 3.86 and a beta of 0.91.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, February 5th. The entertainment giant reported $1.84 EPS for the quarter, beating the consensus estimate of $1.57 by $0.27. The company had revenue of $15.30 billion for the quarter, compared to analyst estimates of $15.20 billion. Walt Disney had a return on equity of 20.50% and a net margin of 18.46%. The firm’s revenue was down .3% compared to the same quarter last year. During the same period last year, the company posted $1.89 earnings per share. Equities analysts anticipate that Walt Disney will post 6.79 EPS for the current year.

In other Walt Disney news, EVP Brent Woodford sold 2,000 shares of Walt Disney stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $114.35, for a total transaction of $228,700.00. Following the transaction, the executive vice president now directly owns 26,517 shares in the company, valued at approximately $3,032,218.95. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Zenia B. Mucha sold 33,000 shares of Walt Disney stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $128.88, for a total transaction of $4,253,040.00. The disclosure for this sale can be found here. Insiders sold 37,000 shares of company stock worth $4,708,940 in the last ninety days. 0.36% of the stock is owned by corporate insiders.

Several institutional investors have recently bought and sold shares of DIS. Litman Gregory Asset Management LLC acquired a new position in Walt Disney during the 4th quarter worth $25,000. Crewe Advisors LLC raised its position in shares of Walt Disney by 55.6% during the fourth quarter. Crewe Advisors LLC now owns 280 shares of the entertainment giant’s stock valued at $31,000 after buying an additional 100 shares during the last quarter. Stone House Investment Management LLC acquired a new position in shares of Walt Disney during the first quarter valued at about $37,000. Financial Gravity Wealth Inc. acquired a new position in shares of Walt Disney during the first quarter valued at about $40,000. Finally, Clarfeld Financial Advisors LLC acquired a new position in shares of Walt Disney during the fourth quarter valued at about $42,000. Institutional investors and hedge funds own 64.76% of the company’s stock.

About Walt Disney

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

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Analyst Recommendations for Walt Disney (NYSE:DIS)

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